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October 15, 1998

COMPANY RESULT: PARAMETRIC TECHNOLOGY CORP

By CBR Staff Writer

Parametric Technology Corp, Waltham, Massachusetts-based CAD and engineering software developer, has reported fourth-quarter net income up 12.5% at $45.3m on revenue down 2.3% at $250m. For the year, net income fell 1.1% to $86.7m on revenue down 4.1% at $1.02bn. Earnings per share rose 13.3% to $0.17 for the quarter and fell 3.1% to $0.31 for the year. Results for the year include acquisition-related charges of $105.8m and an extraordinary loss of $19m. Year-ago full term results included one-time charges of $139m and a gain of $82.2m from discontinued operations.

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